Carnival (CCL) to Release Earnings on Thursday

Carnival (NYSE:CCL) is scheduled to post its quarterly earnings results before the market opens on Thursday, March 22nd. Analysts expect Carnival to post earnings of $0.43 per share for the quarter. Carnival has set its Q1 guidance at $0.37-0.41 EPS and its FY18 guidance at $4.00-4.30 EPS.

Carnival (NYSE:CCL) last issued its earnings results on Tuesday, December 19th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.12. Carnival had a net margin of 14.88% and a return on equity of 11.78%. The company had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the previous year, the company earned $0.67 EPS. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, analysts expect Carnival to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Carnival (NYSE:CCL) traded up $0.09 during trading on Friday, hitting $66.82. The company had a trading volume of 287,666 shares, compared to its average volume of 3,004,822. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.18 and a quick ratio of 0.14. Carnival has a fifty-two week low of $57.09 and a fifty-two week high of $72.70. The company has a market capitalization of $35,768.13, a PE ratio of 18.59, a price-to-earnings-growth ratio of 1.12 and a beta of 0.80.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be issued a $0.45 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.69%. Carnival’s dividend payout ratio is 22.28%.

In other news, General Counsel Arnaldo Perez sold 15,166 shares of the business’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $66.59, for a total transaction of $1,009,903.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Arnold W. Donald sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $71.66, for a total value of $573,280.00. Following the transaction, the chief executive officer now owns 102,150 shares of the company’s stock, valued at $7,320,069. The disclosure for this sale can be found here. Insiders have sold a total of 339,364 shares of company stock valued at $22,830,561 over the last 90 days. Corporate insiders own 23.80% of the company’s stock.

CCL has been the subject of a number of research analyst reports. Zacks Investment Research cut Carnival from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. Morgan Stanley raised Carnival from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $65.94 to $68.00 in a report on Wednesday, December 6th. Credit Suisse Group set a $72.00 price objective on Carnival and gave the stock a “hold” rating in a report on Tuesday, December 12th. SunTrust Banks reissued a “buy” rating and set a $84.00 price objective (up from $72.00) on shares of Carnival in a report on Tuesday, December 19th. They noted that the move was a valuation call. Finally, Stifel Nicolaus boosted their price objective on Carnival from $79.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, December 20th. Seven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $73.84.

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Carnival Company Profile

Carnival Corporation is a leisure travel company. The Company is a cruise company of global cruise guests, and a provider of vacations to all cruise destinations throughout the world. The Company operates in four segments: North America, EAA, Cruise Support and, Tour and Other. The Company’s North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises (Princess) and Seabourn.

Earnings History for Carnival (NYSE:CCL)

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